NETSTREIT (NYSE:NTST) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

NETSTREIT (NYSE:NTST) had its price objective hoisted by investment analysts at BMO Capital Markets from $24.00 to $25.00 in a report released on Monday, MarketBeat reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 14.14% from the company’s previous close.

NTST has been the topic of several other reports. Robert W. Baird raised their price objective on NETSTREIT from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Stifel Nicolaus boosted their target price on shares of NETSTREIT from $21.00 to $22.25 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Jefferies Financial Group started coverage on shares of NETSTREIT in a report on Monday, June 1st. They set a “buy” rating and a $23.00 target price on the stock. Weiss Ratings upgraded shares of NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Finally, Truist Financial lifted their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, May 11th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.52.

NETSTREIT Trading Up 0.6%

NYSE:NTST opened at $21.90 on Monday. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $20.66 and its two-hundred day moving average is $19.94. NETSTREIT has a 52 week low of $17.02 and a 52 week high of $22.47. The company has a market cap of $2.13 billion, a PE ratio of 168.50, a P/E/G ratio of 2.80 and a beta of 0.82.

NETSTREIT (NYSE:NTST) last issued its earnings results on Monday, April 20th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $57.06 million during the quarter, compared to analyst estimates of $50.09 million. NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%. On average, analysts predict that NETSTREIT will post 1.31 EPS for the current year.

Insider Activity

In other NETSTREIT news, Director Robin Mcbride Zeigler sold 7,192 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $20.85, for a total value of $149,953.20. Following the completion of the transaction, the director owned 18,344 shares in the company, valued at approximately $382,472.40. This represents a 28.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Manheimer purchased 5,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was purchased at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the purchase, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at $7,968,839.40. This trade represents a 1.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.66% of the stock is currently owned by corporate insiders.

Institutional Trading of NETSTREIT

Several large investors have recently added to or reduced their stakes in NTST. Easterly Investment Partners LLC bought a new position in shares of NETSTREIT in the fourth quarter worth $9,422,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of NETSTREIT by 111.3% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 342,800 shares of the company’s stock valued at $6,047,000 after purchasing an additional 180,600 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of NETSTREIT by 23.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 173,322 shares of the company’s stock valued at $3,057,000 after purchasing an additional 32,900 shares in the last quarter. Centersquare Investment Management LLC raised its stake in shares of NETSTREIT by 3.4% during the fourth quarter. Centersquare Investment Management LLC now owns 3,653,585 shares of the company’s stock valued at $64,449,000 after purchasing an additional 120,170 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in NETSTREIT by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 9,226,348 shares of the company’s stock worth $162,753,000 after purchasing an additional 268,275 shares during the period.

About NETSTREIT

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.